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Thai Military Bank Plans to Reduce Non-Performing Loan Percentage by Half.
Byline: Darana Chudasri
Sep. 5--Thai Military Bank expects to cut its non-performing loans to 5 percent of total loans within two years, according to president Somchai Sakulsurarat.
According to the Bank of Thailand, TMB's non-performing loans totalled 30.7 billion baht, or 10.57 percent of total credit outstanding, at the end of July.
TMB was now in negotiations with two prospective investors looking to take a stake in Phayathai Asset Management Corp, a bank subsidiary established in 2000 to oversee the restructuring of 40 billion baht in distressed assets.
Mr Somchai said the bank would likely make a decision by year-end or the ...
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Source: HighBeam Research, Thai Military Bank Plans to Reduce Non-Performing Loan Percentage by...